FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * DUNN JOHN MICHAEL   2. Issuer Name and Ticker or Trading Symbol BIOGEN IDEC INC [BIIB] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP, New Ventures (Last) (First) (Middle) 14 CAMBRIDGE CENTER 3. Date of Earliest Transaction (Month/Day/Year) 10/31/2006 (Street) CAMBRIDGE, MA 02142 4. If Amendment, Date Original Filed(Month/Day/Year) 11/02/2006 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 10/31/2006   M(1)   15,000 (2) A $ 35.37 41,126.5 (3) D   Common Stock 10/31/2006   S(1)   7,500 D $ 46.72 33,626.5 D   Common Stock 10/31/2006   S(1)   2,400 D $ 46.8 31,226.5 D   Common Stock 10/31/2006   S(1)   5,100 D $ 46.7852 26,126.5 D   Common Stock 10/31/2006   S(1)   3,104 D $ 46.8 23,022.5 D   Common Stock 10/31/2006   S(1)   10,000 D $ 46.7852 13,022.5 (4) D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option (right-to-buy) (5)

$ 35.37

10/31/2006

M

15,000 (2)

(6)

01/21/2013

Common Stock

15,000

(5)

38,202

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
DUNN JOHN MICHAEL 14 CAMBRIDGE CENTER CAMBRIDGE, MA 02142			EVP, New Ventures

Signatures

By: Kevin M. Foley attorney-in-fact for: John M. Dunn		02/08/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Exercise and Sale pursuant to a trading plan intended to comply with Rule 10b5-1 of the Securities Exchange Act of 1934.
(2)	In the original Form 4, the amount of stock options excercised was incorrectly understated.
(3)	In the original Form 4, the amount of securities beneficially owned following the exercise of the stock options was incorrectly understated.
(4)	In the original Form 4, the amount of securities beneficially owned following the sale of common stock was incorrectly overstated. This error was repeated in subsequent Form 4s filed on 01/04/2007 and 11/15/2006.
(5)	Granted under one of the Issuer's stock option plans, in an exempt transaction under SEC rule 16(b)-3(d).
(6)	The stock options become exercisable in four (4) equal annual installments, commencing one year after the grant date of 01/21/03.

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